Regulations, 1980

L.N. 98 of 1980

COMMERCIAL PARTNERSHIPS ORDINANCE, 1962

(ORDINANCE NO. X OF 1962)

Fees and Forms (Commercial Partnerships) (Amendment)

Regulations, 1980

IN exercise of the powers conferred by section 194 of the Com­

mercial Partnerships Ordinance, 1962, the Minister of Trade, Industry

and Parastatal and People's Industries, with the concurrence of the

Minister of Finance, Customs and People's Financial Investments, has

made the following regulations:-

( l) These regulations may be cited as the Fees and Forms

(Commercial Partnerships) (Amendment) Regulations, 1980, and shaH

be read and constmcd as one with the Fees and Forms (Commercial

Partnerships) Regulations, 1965, hereinafter referred to as "the principal

regulations" .

(2) These regulations shaH come into force on the day follow­

ing the date of their publication in the Gazette.

For the First Schedule to the principal regulations there shaH

be substituted the following

"FIRST SCHEDULE

(Regulation 2)

Fees

(a) Registration of any partner­

ship whose nominal capital or total

contributions, as the case may be -

(i)

;(100

do not exceed ;(2,000

(ii) exceed ;(2,000 but do not

;(100 with the addition of ;(6

exceed ;(5.000

for each fi ,000 or part

there of in excees of ;(2,000

(iiD exceed ;(5,000 but do not

exceed :fI 00,000

;(118 with the addition of ;(1

for each :fI ,000 or part

thereof in excess of ;(5,000

(iv)

exceed ;(100,000

;(213 with the addition of 40c

for each :fI ,000 or part

thereof in excess of ;( 100,000

up to a maximum of ;(573.

(v) In the case of a partnership en commandite, the foregoing

fees shaH be payable on the aggregate amount of the nominal capital

and of the total contributions as if they were a single amount.

(b) Registration of documents

delivered to the Registrar of Part­

nerships in compliance with section

177 or 183 of the Commercial

Partnerships Ordinance, 1962

In the case where the registered capital of the company or

partnership -

noo

does not exceed ;(,2,000

(i)

(ii) exceeds ;(, 2,000 but does

f100 with the addition of f6

not exceed ;(,5,000

for each n ,000 or part

thereof in excess of f2,000

(iii)

exceeds ;(,5,000 but does

fl 18 with the addition of n

not exceed n 00,000

for each ;('1,000 or part

thereof in excess of f5,000

(iv)

exceeds f100,000

;(,2 13 with the addition of 40 c

for each n ,000 or part

excess

of

thereof

in

f 100,000.

In the case where an oversea company or partnership does

not have a registered capital -

(i)

if the number of members

stated in the instrument constitut-

ing the company or partnership

noo

does not exceed 25

(i i) if the number of members

stated in the instrument exceeds

f100 with the addition of f6

25 but does not exceed 100

for each 25 members or

fraction thereof in excess of

the first 25

(iii) if the number of mem­

bers stated in the instrument

fl l8 with the addition of fi

exceeds 100 but is not un1imited

for each 50 members or

fraction thereof in excess of

the first 100

(iv) if the number of mem­

f186.

bers is unlimited

Provided that the total of the fees payable by any company

or partnership by reference to its membership shall in no case exceed

Provided further that in no case shall the registration fee exceed

B

(c) Registration of an increase

An amount equal to the dif­

in the registered capital or total

ference if any, between the

amount which would have

contributions of any partnership.

been payable on first regis­

inc1uding the registered capital of

tration by reference to its

an oversea company or partner­

capital and / of total contri­

ship

butions as increased and the

amount which would have

been so payable by reference

to its capital andlor total

contributions

immediately

before the increase.

Where a partnership is conver­

(d) Registration of a conversion

ted an amount, if any. equal

or an amalgamation of a partner­

to the difference between

ship

the amount originally paid

on first registration and on

any subsequent increased

capital or on total contribu­

tions and the amount pay­

able on the capital or total

contributions of the convert­

ed partnership.

In the case where two or more

partnerships

are

amalga­

mated, if the capital or total

contributions of the amalga­

mated

partnerships

is

greater than the aggregate

capital and/or total contri­

butions of the partnerships

prior to the amalgamation

an amount equal to the dif­

ference between the aggre­

gate amount which would

have been payable on the

separate capitals and/or the

total contributions before

the amalgamation and the

amount

payable

on the

capital or the total contri­

butions immediately after

the amalgamation.

(e) For the registration of an

annual return or of documents de­

livered to the Registrar of Partner­

ships in compliance with section

179 of the Commercial Partnerships

Ordinance, 1962

f.25

(f) For every copy (photostat)

�r�ret

l�

(g)

For every extract per sheet

15c

(h)

For a general certificate

regarding extracts or true copies

25c

(i)

For an inspection of a part­

nership file

25c".

Nothing in these regulations shaH be deemed to affect the

liability in respect of any fees due under the principal regulations prior

to the coming into force of these regulations.

l-Informazzjoni

Pub1ished by the Department of Information

-

c.a.s.

Printed at the

Government Printin/l Press

Stampat

fl-U.C.S. - Stamperija taJ-Gvern

--

-